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Oil drops three percent on oversupply worries

Updated : May 02, 2019 09:52 PM IST

Brent crude futures fell $1.92, or 2.7 percent to $70.26.
The US sanctions on Iran intensified as the Trump Administration halted waivers allowing eight countries including China and Turkey to continue to do business with Iran.
Oil drops three percent on oversupply worries
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